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Apr 20, 2013
04/13
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CSPAN2
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so as much talk as there is right now about fiscal deficits, only let the world economy, it is perhaps part of future growth . the willingness to reciprocate and recognize the underlying the chances for prosperity. so the last they'll like to say, something a bit extraordinary. the catholic church, couple and their foreign. big changes. the world's most. the future, the future lies largely in the future of the church and the emerging markets. but as those in the catholic church and the images that come of the just of the emerging world so that we can all share in the futures. a muffled. [applause] >> how can you had the discipline and the clarity and a example i would use would be check, we don't trust them to keep the country afloat. we don't trust them to properly regulate. how do we maintain solid discipline free trade relations and support their growth, support our gross? >> as i think about that this get -- discipline plus clarity. the use the example of free trade discipline is the contrast of free trade means that we both imports and exports to prosper. we often fall. a tremendo
so as much talk as there is right now about fiscal deficits, only let the world economy, it is perhaps part of future growth . the willingness to reciprocate and recognize the underlying the chances for prosperity. so the last they'll like to say, something a bit extraordinary. the catholic church, couple and their foreign. big changes. the world's most. the future, the future lies largely in the future of the church and the emerging markets. but as those in the catholic church and the images...
73
73
Apr 17, 2013
04/13
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CSPAN2
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we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break? >> obviously businesses choose whether to organize on the corporate side or individual side. we we have not proposed any increase beyond the current 39.6 on the individual side. the better we do -- i heard you talk about. what is his deal. >> it was not a simple as this. it was difficult negotiation we were negotiating with republicans to refuse to put taxes on the table. >> forget it. let me pose this. i'm a small business owner and i can tell you your not helping small business. the burden that the administration is putting on small business unbelievable. i would suggest you look at texas or nod see what l
we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break?...
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Apr 22, 2013
04/13
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CSPAN2
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greece has made a lot of progress in reducing deficit as well. therefore, we are regaining confidence. and if you look at market, markets are very, have regained a lot of confidence. and bonds for all member states, including italy, spain, all the concerned countries, are below they used to be before the crisis. therefore, markets have regained what we are doing now is building the next step, building the banking union. we have already agreed on mechanisms because we need a strong european supervision of banks because our banking works not only in the frame of one member state, but all of us. we need a european mechanism and a european supervision. we haveimemented, we will implement a supervise mechanism in the coming weekings. it -- weeks. it has been already decided. we will build, we have a european regulation on deposit insurance. we have a european regulation on our -- it is not yet decided, but it's drafted, and it is on the way on regulation that was -- [inaudible] mechanism as well. and, therefore, we are working step by step in the dire
greece has made a lot of progress in reducing deficit as well. therefore, we are regaining confidence. and if you look at market, markets are very, have regained a lot of confidence. and bonds for all member states, including italy, spain, all the concerned countries, are below they used to be before the crisis. therefore, markets have regained what we are doing now is building the next step, building the banking union. we have already agreed on mechanisms because we need a strong european...
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Apr 20, 2013
04/13
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CSPAN2
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now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in which the united states is living beyond its means. now, those remarks were to try to get you interested. people don't usually pay money to hear me speak. i assume you are all at least somewhat interested. if you look at free trade, once you understand there's an issue here with the trade situation, if any of you got a wallet on you, pull out a ten dollar bill. the guy on the ten dollar bill etary of the treasury, ca the intellectual architect of american capitalism, one of the founding father, and an envowed protectionist as was abraham lincoln, as was virtually every president prior to world
now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in...
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80
Apr 16, 2013
04/13
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KICU
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deal to help egypt has floundered, and pressure will likely be exerted upon pakistan to cut its budget deficit and replay 80% of an $11-billion imf loan still outstanding from 2008. the faa orders inspections of more than 1,000 boeing 737 jets. the wall street journal reports that the concern is with "attach pins" that may have been improperly manufactured. if the pins fail, it can cause pilots to lose control of an aircraft. the directive was not a result of any accidents caused by faulty pins. the inspections are not expected to affect flight schedules, but could spell added trouble for boeing, which is still trying to get its dreamliners back in the air. two big-name retailers are denying compensation to victims of a factory fire where workers were making garments to be sold by the retailer. the controversy involves wal-mart and sears. a fire erupted at a bangledesh clothing factory in november, killing 112 workers. according to published reports, the two companies ignored a meeting to discuss payouts to help victims and their families. bloomberg reports both companies have said the supplie
deal to help egypt has floundered, and pressure will likely be exerted upon pakistan to cut its budget deficit and replay 80% of an $11-billion imf loan still outstanding from 2008. the faa orders inspections of more than 1,000 boeing 737 jets. the wall street journal reports that the concern is with "attach pins" that may have been improperly manufactured. if the pins fail, it can cause pilots to lose control of an aircraft. the directive was not a result of any accidents caused by...
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Apr 18, 2013
04/13
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KRCB
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finance ministry officials said the trade deficit came to $3.7 billion. exports rose 1.1% from a year earlier in yen terms. that's the first rise in two months. imports rose 5.5%. it rose for a fifth straight month. higher demand for crude oil and liquefied gas was aajor stumble. the dow jones industrial average ended up 14,618. down more than .9 of a percent. for more on how stocks are trading, let's go to ramin at the tokyo stock exchange. seems like we're having a bald week with stocks up and down every day. >> it does seem that way. we had housing data on tuesday that rose and now we see the likes of bank of america and some of the major tech suppliers coming out with weak numbers and forecast this which pulled down the key indexes as well. let's look at how that is translating into the opening levels for today, thursday, april 18th here. both indexes in thenegative. 1347 down one 1% the nikkei. down 1,125 for the topix. the nikkei rebounded on wednesday. the focus today may shift to financial and tech related shares especially as shares of apple fell
finance ministry officials said the trade deficit came to $3.7 billion. exports rose 1.1% from a year earlier in yen terms. that's the first rise in two months. imports rose 5.5%. it rose for a fifth straight month. higher demand for crude oil and liquefied gas was aajor stumble. the dow jones industrial average ended up 14,618. down more than .9 of a percent. for more on how stocks are trading, let's go to ramin at the tokyo stock exchange. seems like we're having a bald week with stocks up...
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127
Apr 17, 2013
04/13
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CNBC
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low yields make pension deficits worse and make corporates less likely to invest. they backed themselves into a corner here. >> what's your take? >> i do think that qe has helped the economy over the past four years. our own view is you get diminishing returns to each slug of qe as you go along. we suspect in due course that we'll get another expansion of asset purchases which at the margin may help and there may be psychological boost to markets but the other things to watch out for are the success or otherwise of bank of england's funding for lending scheme which we're relatively hopeful will help to expand the supply of mortgage credit. >> it doesn't seem like it's done much frankly. >> it's a slow burn. the last couple of months of data have been disappointing but through the back end of the second half of last year what we saw was a steady increase in mortgage approvals and that's helpful. the other thing to watch out for is what's happening to the small business sector. we have been calling for some sort of government if not bank of england action to help cha
low yields make pension deficits worse and make corporates less likely to invest. they backed themselves into a corner here. >> what's your take? >> i do think that qe has helped the economy over the past four years. our own view is you get diminishing returns to each slug of qe as you go along. we suspect in due course that we'll get another expansion of asset purchases which at the margin may help and there may be psychological boost to markets but the other things to watch out...
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62
Apr 23, 2013
04/13
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KCSM
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as they aim to turn its primary balance deficit into a surplus by 2020, prime minister abe has ordered them to come up with a clear road map to tackle the problem. they want to include this in the government's mid to long term economic and fiscal policies to be compiled by around june. the prime minister made the comment at a meeting of council on economic and fiscal policy held on monday. it came after council members from the private sector said in the meeting that the government's effort to make the finances healthy are essential. they said this is to ease concerns that the bank of japan is taking over the country's debt as the central bank boosts purchased. the members urge them to use funds from the private sector as well as to promote reforms on medical nursing systems. >>> bold monetary easing measures by japan's central bank are starting to have an effect on the country's constitutiinst investors. the yield falls on japanese government debt. officials reveal how to plan to manage funds for fiscal 2013 which started this month. they say they will boost their investments by $10 b
as they aim to turn its primary balance deficit into a surplus by 2020, prime minister abe has ordered them to come up with a clear road map to tackle the problem. they want to include this in the government's mid to long term economic and fiscal policies to be compiled by around june. the prime minister made the comment at a meeting of council on economic and fiscal policy held on monday. it came after council members from the private sector said in the meeting that the government's effort to...
121
121
Apr 18, 2013
04/13
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CNBC
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>> well, many countries really have to choice but to consolidate, because their defini deficits and debts are high. but they do have a choice about the pace of consolidation and of course how they structure their government. in some cases, certain kinds of spending, infrastructure spending, are probably not going to impair your long-run sustainability. so the composition of spending can be more growth friendly. but countries need, also, to consider other prolss and europe needs to consider other policies to be supportive of growth, since consolidation will have to proceed, even if it's proceeding at a slower pace. >> does the imf want countries sellheir gold? that might be the impression that people would have got often the events of the last couple of weeks. >> no, we don't have a view on that subject at all. >> even though cyprus, in the memorandum of understanding that's been leaked, it looks like cyprus has been asked to do that. >> i think cyprus may choose what cyprus may choose. look, countries may privatize a range of assets if they need to privatize assets and those can be compan
>> well, many countries really have to choice but to consolidate, because their defini deficits and debts are high. but they do have a choice about the pace of consolidation and of course how they structure their government. in some cases, certain kinds of spending, infrastructure spending, are probably not going to impair your long-run sustainability. so the composition of spending can be more growth friendly. but countries need, also, to consider other prolss and europe needs to...
129
129
Apr 19, 2013
04/13
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CSPAN
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he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this morning. c-span 1 will have that live. you'll also find that on our website. rebecca kaplan is a staff writer at in the national journal. it includes covering the campaign looking at the republican side of things. she worked on that and she also has covered the white house, as part of national journal's team and now she's looking at congress. one of the aspects of congress you're looking at is the house. here's a recent headline of her story. forget working groups, the house judiciary is moving immigration on its own. what's happening in the house? >> the chairma
he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this...